Shamal is an ambitious and determined woman who feels fully responsible for the security of her family. Her business is growing rapidly but she is unable to purchase a new tailoring machine due to her lack of credit. In order to keep up with the increasing work, she will need to purchase a new pico fall machine and tailoring unit. This will increase her productivity and add to her revenue. Do your part and invest in Shamal's business today.
Shamal is a retailpreneur who works 7 hours a day for 7 days a week. With this loan Shamal will potentially obtain employment for 318 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Shamal Raut has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Apparel store
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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